Current Gold Prices

To fully understand the current gold prices and inflation, one must understand the two and how they relate to each other.

The current price of gold is what investors are willing to pay for one ounce of gold. This is set by the gold market. This is a publicly traded market where people from around the world buy and sell gold. This market is open for 5 days a week and runs 24 hours a day during that time. As more investors buy gold, the price goes up. When a majority of those that are holding gold start to sell their gold stock, the price begins to drop. The balance between buyers and sellers is what regulates the price.

Inflation by what most people think is when the prices of goods and services are on the rise. While this is the affect of inflation, it is not the definition of inflation. Inflation is when the money supply is increasing faster than the goods and services availability that are being paid for with money. When there is plenty of money around and few things to spend it on, then the price of those items will increase. Like everything, the economics of supply and demand regulate prices. The larger the supply of a currency there is the less the buying power that currency has.

The current gold prices and inflation is all tied to the U.S. dollar since the gold market is traded in dollars. The dollar is relatively stable and most economists believe that a slight rise in inflation is good for all economies. So as the current gold prices and inflation rise together, this can be seen as a good indicator that the economy is starting to recover.

For those investors that are looking at the U.S. Dollar versus current price of gold, the gold investors are winning.

The current gold prices are slowing rising as the current market continues to roll. As of the close of September 1, 2009, gold was at $957.20. At the beginning of the decade gold was just below $300. This is over a 200% increase in value within the last decade. This is a roller coaster road that gold is on but the trend thru all the ups and downs is a continuous rise. The roller coaster ride is just liked all open markets were anyone and everyone in the world can buy and sell gold. This will always be this way but gold is something you can hold in your hand and it will always have value.

The U.S. Dollar on the other hand is a piece of paper backed but the U.S. Government with the promise that it has worth. The U.S. Dollar is still considered the world’s currency and is used as the major marker in most markets, including the gold market. The U.S. Dollar is the most commonly used currency in the world and is often accepted in many countries along with that host countries currency because of its stability.

The Consumer Price Index is one way to measure the U.S. Dollar worth.  Another way of measuring the worth of the dollar is the value of the U.S. treasury bonds. These vary in time but have been relatively on a slow steady rise.

Currently the U.S. Dollar is down to the Euro as compared to 2 years ago. But against the British Pound during this same time the U.S. dollar is up. This is a normal fluctuation of the market against two very stable currencies like the dollar.

The U.S. Dollar versus current price of gold, There is no comparison. The U.S. Dollar is steady while the current gold prices continue to rise.

The news has come and gone and for current gold prices August 19, 2009, it closed at $941.50. This little roller coaster is normal not only in the gold market but every market. For those investors that are waiting for the gold market to rise, it did. The priced peaked just a couple of days later at nearly $959 before settling at $953.70 at the close on August 21, 2009.

The $12 difference does not seem like much to the novice investor, but for the large investor it is significant. These little gains are how most investors are making money. Do not expect the big spikes to occur in the prices all the time. From time to time they do, but the spikes go both ways so be careful.

But the little spikes that go up can be taken advantage of if done wisely. Greed is the killer of most investments. Do not expect to be a millionaire over night. It has happened and will happen again, but it is not the norm. Watching the current gold prices is one of the ways to keep track of the market. This is necessary but not all you can do.

Being prepared to act at the crucial time is the best way to make money. By watching the current gold prices fluctuate, wait for a spike upwards. Then as it peaks sell. This may take some time to get it right but practice makes perfect. Little sustained gains are a positive way to increase your revenue. This will take some time but it will happen. There will be little let downs like the current gold prices August 19, 2009 when the price to a low of around $933. Stay active in the market and do not get greedy is the key.

As of the beginning of August 13, 2009, the best spot gold prices have been hovering around the $950 mark. Most are waiting on the Federal Open Market Committee or FOMC meeting on whether to cut rates. This movement in US monetary policy will have an impact on not just the current gold prices but also the currency exchange and the different stock markets around the world.

The US Federal Reserve uses three different tools to control the financial situation not only in America but the world. The three are the open market operations, the discount rate and the reserve requirements. The FOMC is the branch that controls the open market operations. This committee meets at least 8 times a year.

This latest decision may be changing the overnight interest rate or short term rate that banks loan and borrow money from each other and the Federal Reserve. This is a fixed amount that the rest of the interest rates from the financial world use as a base for their rates.  This will affect consumer loans, mortgages, bonds, and currency exchange rates across America and around the world.

If the interest rate goes up, the US dollar could make yield in the American market higher. This could attract business. If the interest rate is lowered, then the American market could be seen as still weak and less attractive for foreign investment in America.

At this moment there has been no announcement and the gold market, like all the rest of the markets are just waiting. If you make the right move you could make some money, but since no one is sure what is going to happen, the gold market is just jittery. But the best spot gold prices could be just beyond the horizon.

It is not difficult to find best gold prices since the internet has brought the world gold market online. With this anyone can not only look at but keep track of the gold market.

The gold market has been somewhat volatile lately. August 7, 2009 was a good example. In less than an hour the price of gold went from $965.00 per ounce down to less than $955.00 then back up to just shy of $965.00. If you were watching the market and panicked at the wrong moment then you would have lost.

The price has gone back to $955.30 now and is jumping around a little but basically stabilized. This is the trend of this market. Up and down. It will never be flat lined

For online watching the best gold site I have found is www.kito.com for accurate and current gold prices.

If you are looking to find best gold prices on nuggets the www.goldfeverprospecting.com will meet or beat any price you can find. Not gold bars, not gold coins but nuggets. This is how gold is found naturally in the ground. The nuggets are sold by size and weight. Standardized mesh screens are used to separate the different size nuggets. The smallest being sifted through a 20-25 mesh screen and is considered dust because it is the size of sifted flour. The larger flakes can be separated by a 4 mesh screen.

This gold is not always pure. You can purchase gold with quartz, which is plentiful or even crystalline gold.

When selling gold to this site, they offer the current spot price of gold minus 20%. This is not for scrap gold but genuine gold nuggets.

This is different than how most gold is traded but to find best gold prices for nuggets, this is the place, gold fever prospecting.

With the gold market riding its roller coaster ride, the current gold price is at $963.00 and spot price gold at $962.80, the ride is up. On July 30 the price of gold was at $929.70. That is a $33 swing in less than a week. Somebody is making money. Is it you?

As with all investment markets, the spot gold price will vary from moment to moment. The right time to jump in and the right time to pull out is the personal choice of the investor. You are good if you do it right 60% of the time. No one is right all the time.

This past year the fluctuation has been a little more than in the past 5 years, if looked at in trends. For almost 3 years the price rose steadily with only one major correction in 2006. But the past 5 years has seen a rise from $391.9 to a high of $1002.80. The past two years the swing has been more fluctuating up and down. This past year the there has been almost a $300 swing upwards.

The smart investor should take some risks, but not all the time. Going in and out with your money is a smart move. Always having some is good but never all of it for too long of a time. Remember the greater the profit possibility the greater the risk and possible loss. There are no guarantees in this market except that the market will always fluctuate. The trend is up and has been for 10 years. A long term investor would have made a great deal of money but eventually this market will see a large correction, just like it always does. If you have too much in the market at that time, you could lose all of what you gained.

Be careful the spot gold price is the selling and buying price.   The current gold price is on the way up but for how long is just a guess.

With the market constantly fluctuating with the current price of gold, a profit is not always guaranteed. The current gold prices today have risen from a low last week below $940 to presently at $953.60.

This has been the current trend, which even when there is a slight decline in the current gold prices, the decline will not last long. The last decline lasted 3 weeks. This decline lasted less than a week beginning on Tuesday and ending before the close on Friday for a change from a closing low of $931 on Tuesday to a close on Friday of $954.50. This is an increase of $23.5 per ounce.

As a good example of the possible profit, if 1000 ounces of gold were purchased on Tuesday, by Friday a profit of $23500 would have been achieved. That is only a 2.5% change but the possibility of profit does exist. The opposite is also true and there are real risks with the fluctuation of gold prices just like any financial market.

The current gold prices today are on the move up in a roller coast fashion. Picking the right time to invest along with the right time to sell is partly luck but also experience. Since the money being invested it yours, you should decide the appropriate time for yourself.

The gold price has not returned to the high it had obtained back at the beginning of June, which was at over $980 but the good news is that it is not at the low for the year either. This was when the current prices for gold was at $810 on January 15, 2009.

No one can correctly predict when the current gold prices will be back up that far, but the trend is that it will be in the future, probably within a year. But the gold prices today are at $954.9 and climbing since I started this article.

For current gold silver prices the investor has a few good options, including right here at Current Gold Prices. There are live market charts available on the internet. Depending on when and where you are in the world will help determine if you wish to use the market in New York or the World market with Asia, Europe and NY covered throughout the day.

For today July 22, 2009 the NY market is presently closed. The closing figures for gold for July 21 were a bid at $949.00 and asking price of $950.00. For silver the bid was $13.53 and the asking price was $13.57. The historical London fixed prices market was at $947.75 for gold and $13.52 for silver. The world spot price market was the only market open at the time of this article. Gold was at $947.80 for the bid and the asking was $948.80. Silver had a bid at $13.53 and an asking price of $13.57. These numbers were from www.kitco.com. This is a reliable site that is used by many investors and other websites for their tracking of current gold silver prices.

The Monex Precious Metals Market is another reliable source of current gold silver prices. Their prices are an average of the current bid and asking prices. The gold bullion was reported at $948.00, while the silver bullion was at $13.50. As compared to the Kitco live market, the Monex is slightly lower.

Goldprice.org is another live gold market chart. This chart has the five major markets on it running simultaneously. This includes the Hong Kong, London, Sydney, New York Globex and the New York COMEX. The current spot gold price is at $949.00. This site also contains the current silver spot price which is at $13.59.

Choosing the right site for your information is vital to knowing an accurate price. But most do not vary that much when it comes to the current gold silver prices.

The best resources for finding spot gold prices are different for different investors. One reliable source for up to date information is the Kitco spot gold chart. This live gold price chart gives a variety of information. There is the usual high and low prices for the day along with the % of change. Also included are the bid prices and the asking prices. These are all from the New York spot Price Market.

Another great resource is right here.  We bring you up to date commentary on current gold prices.

Other charts and prices offered from Kitco are the historical London fix prices of gold AM and gold PM. The World Spot Price of gold is also listed with not only bid and ask prices but also the change as compared to the NY close.

The Monex Precious Metals market is another good source for information. Not only does this company provide the current price in NY with highs and lows but also charts showing historical trends. The 3 month live chart has the daily highs and lows along with the closing prices that are updates to include the current day of trading. There are also a 6 month, 1 year, 5 year and 10 year charts for a better historical look at the fluctuations from the gold market.

Another of the best resources for finding spot gold prices is the U.S. Gold Bureau. This is not a government run company but they are reliable. They are even endorsed by the Better Business Bureau. But like a lot of companies, they use the free Kitco gold charts as their source of current gold prices.

Gold Price is a company that streams their own feed from the NY gold market live. The different charts available are gold price, live gold price manual, spot gold, gold price per ounce, gold price per gram, gold price per kilo and gold price history.

There is a wealth of information available but the companies above are some of the best resources for finding spot gold prices available today.

The current gold coin prices vary a little depending on which exchange company you decide to use. The one thing that should be consistent is the gold price of gold bullion.  At Current Gold Prices the gold coin market is a focus.

Today July 20, 2009 the gold price for one pure ounce of gold is at $951.00. This was verified with several companies. Be cautious and use the closing gold price as a tool to judge a company that offers gold coins for sale. Another precaution that should be taken is knowing the difference between a company’s buying price and selling price of a coin.

To illustrate these principals as an example I will use the 1 ounce Eagle U.S. Gold Bullion coin. The stated closing gold price was $948.50 at California Numismatic Investments. The U.S. Gold Eagle coin was selling at $993.00 and they were buying this coin at $963.00. At the USAGOLD-Centennial Precious Metals the closing gold price was $951.00. They stated the price of the coin is reflected as an average price of a 10 ounce order. The U.S. Gold Eagle was selling for $1,012.82. At Monex Precious Metals the closing gold price was $951.00. The U.S. Gold Eagle coin was selling for $996.60.

As illustrated, not only do different companies state the price of gold differently but also the value and price of particular coin. As the day to day fluctuation in gold prices happens, the investor must be well informed to obtain the best price.

All investors must remember that every company involved in the gold bullion trade is out to make the maximum profit for their company. The Better Business Bureau should be consulted for information about any company before any investment is made.

Because of the fluctuating current gold coin prices, researching the investment companies and the gold market should be done before any money is exchanged.